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LIC increases stake in Mahanagar Gas

13 Sep 2023 Evaluate

Life Insurance Corporation of India (LIC) has increased its shareholding in Mahanagar Gas. The corporation’s shareholding in Mahanagar Gas has increased from 69,29,335 to 89,19,236 equity shares, increasing its shareholding from 7.015% to 9.030% of the paid-up capital of the said Company.  

Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.

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